Fox Business - The Power to Prosper
Search Site

Athens Stock Exchange

Related Topics

  1. Red Ink Week
  2. Eurobank
  3. New York Stock Exchange
  4. National Bank Of Greece SA
  5. Stock Exchange of Thailand
  6. Korea Stock Exchange
Get updates on Athens Stock Exchange
Greece ETF: An Emerging Markets Star

Last Friday, the Global X FTSE Greece 20 ETF (NYSE:GREK) surged over five percent on volume that was nearly six times the daily average. Much of that move can be attributed to the 19.5 percent gain by National Bank of Greece (NYSE:NBG), the largest of GREK's 22 holdings with an allocation of 12.8 percent.Although GREK has a reputation for being sensitive to regional shocks , Friday's action in the $52.3 million ETF was not a one-off affair. GREK has surged 39 percent in the past month, a performance that is roughly three-and-a-half times better than what the iShares MSCI Italy Index Fund (NYSE:EWI) delivered over the same time.Whether it is hot money remains to be seen, but what is clear is that GREK is nearly twice the size by assets today as it was less than three months. As of Friday, the ETF had $52.3 million in assets under management, according to Global X data . On March 1, that number was just over $28 million.That was right after index provider Russell Investments demoted Gree...

Read More ›

  1. Greece's biggest company, bottler CCH, quits for Switzerland

    Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland with a London listing for its sh...

  2. Athens Stock Exchange Chmn: Competitiveness of Greek Economy Going Up

    Athens Stock Exchange Chairman Socrates Lazaridis on the state of the Greek economy and the investment opportunities in the country.

  3. Greece's Eurobank Makes Bid To Buy Credit Agricole's Emporiki

    Greece's Eurobank (EUROB.AT) said Wednesday it has made a binding offer to buy Emporiki Bank of Greece (TEMP.AT), as the race to acquire the Greek unit of France's C...

  4. EU Says Mismanaged Greek Banks Face 'Revamp'

    Banks recapitalized as part of Greece's bailout may be forced to overhaul their management and governance, the European Commission said, in response to questions rai...

  5. Pope: Greek Elections Change Nothing

    Spotlight Ideas Managing Partner Stephen Pope on the impact of the foreign elections on the nation’s economy.

  6. Greek Elections a Choice Between the Euro and Drachma?

    FBN’s Ashley Webster on the potential impact of Greece’s elections.

  7. How are Greek Markets Surviving?

    FBN’s Ashley Webster with the latest ahead of the Greek elections including updates on the Greek stock market.

  8. Greece Looks to Stave Off Energy Crisis

    Greece plan to release 40 million euros ($50 million) in emergency funds to help avert a looming power crisis, a court official said on Tuesday.Over the past two wee...

  9. Take a Look: Greece's Main Political Risks

    Greece's new coalition government faces a tough winter as it seeks to implement reforms needed to secure vital EU/IMF bailout funds, while facing a public angry with...

  10. Greek PM wins over cabinet, next up Merkel and Sarkozy

    By Dina Kyriakidou and Lefteris PapadimasGreece's prime minister won the backing of his cabinet on Wednesday to hold a referendum on a 130 billion euro bailout packa...

  11. Greek PM wins cabinet backing for referendum

    By Dina Kyriakidou and Lefteris PapadimasGreek Prime Minister George Papandreou fought off a barrage of criticism to win the backing of his cabinet Wednesday to push...

  12. Greece risks meltdown after bailout vote bombshell

    By Dina Kyriakidou and Lefteris PapadimasThe Greek government faced possible collapse on Tuesday as ruling party lawmakers demanded Prime Minister George Papandreou ...

  1. Greece's Eurobank, National Bank Shares Plunge

    Shares in National Bank of Greece SA (NBG) and Eurobank Ergasias SA (EUROB.AT)--the country's two biggest lenders--were sharply lower in early trade Monday after the...

  2. Crisis in Cyprus hits ETFs

    Cyprus' struggles to regain control of its ongoing financial crisis continues, as banks reopen with severe restrictions after nearly two weeks. International lenders...

  3. Factbox: Private equity's track record in Greece

    Private equity investments in Greece before its 2009 debt crisis have for the most part led to losses as a result of excessive leverage and over-optimistic growth pr...

  4. Greece tempts private equity with high-reward, high-risk deals

    Private equity firms are taking another look at Greece, attracted by the cheap price tags on companies that can offer lucrative opportunities for those brave enough ...

  5. Greece ETF Could Lose Largest Holding

    The Global X FTSE Greece 20 ETF (NYSE:GREK), the lone ETF devoted to the now infamous debt-laden PIIGS nation, could lose its largest holding, Coca-Cola Hellenic Bot...

  6. Greek Bank Recap Plan Sees Use of Common Shares, Convertible Bonds

    Greek banks will use a mixture of common shares and convertible bonds in order to meet international capital adequacy requirements, according to a long-awaited plan ...

  7. Greece's biggest company flees, bottler CCH to Switzerland

    Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland and a London listing for its sha...

‹ Prev12Next ›
Freebase CC-BY
Source: Athens Stock Exchange on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL